currency


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Currency

Currency

Money generally accepted in circulation in a certain jurisdiction. That is, currency is any form of money that businesses in a certain jurisdiction will accept in exchange for goods and services. Usually, the domestic government sets its own currency and provides penalties to persons and businesses in its jurisdiction that do not accept it. However, some countries (especially those experiencing hyperinflation) accept other countries' currencies informally. Alternatively, a country may use the currency of another (as some countries have done with the U.S. dollar) or pool resources to make an international currency accepted in several countries (the euro being the most prominent example). See also: Foreign exchange.

currency

or

cash

the coins and bank notes which constitute the physical component of a country's MONEY SUPPLY, i.e. coins and notes have a physical identity, whereas the other assets comprising the money supply such as bank deposits, are book-keeping entries and have no tangible life of their own. See LEGAL TENDER, FOREIGN CURRENCY.

currency

the BANK NOTES and coins issued by the monetary authorities that form part of an economy's MONEY SUPPLY. The term currency’ is often used interchangeably with the term cash in economic analysis and monetary policy.
References in periodicals archive ?
The traders unions have condemned the arrests of currency dealers.
For example, he pointed out that cigarettes became a currency among POWs during World War II, and he quoted a folk theorem from monetary theory that says anything can be a currency.
Regarding loans, the effects of these changes are even more pronounced, as foreign currency indexed loans in the amount of over KM 10.5 billion since January have been classified as foreign currency loans.
In December 2017, the Chamber of Supervision over Financial Markets prepared a new procedure for conducting currency exchange operations.
The of SBP explained the reason for devaluation of currency: 'The exchange rate generally move in demand and supply in market and the key reason behind the recent devaluation was the last fiscal year's $19billion current account deficit.'
The foreign currency holders rejected the decision and said it would kill their business.
On the other hand, BloomSolutions became the third virtual currency exchange operator in the country last May.
Today, central banks issue fiat currency (cash) on behalf of governments.
Besides, informal currency substitution occurs when residents make local transactions (e.g., rents) in foreign currency and keep foreign currencies in private holdings, despite the foreign currency not being a legal tender there.
So, not only could you get more euros and dollars for your local currency, but you can also make sure you do not go overboard on your holiday budget,' she said.
The book covers almost every topic related to crypto currency like Trading strategies, Crypto currency investment, usefulness of crypto currency in everyday world,.
In the 2015 IRS Criminal Investigation Fiscal Report, the IRS identified financial crimes that involved virtual currency as an area of focus.